Ashoka Buildcon Limited

NSEI:ASHOKA Stock Report

Market Cap: ₹81.4b

Ashoka Buildcon Valuation

Is ASHOKA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ASHOKA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASHOKA (₹279.99) is trading above our estimate of fair value (₹261.07)

Significantly Below Fair Value: ASHOKA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASHOKA?

Key metric: As ASHOKA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASHOKA. This is calculated by dividing ASHOKA's market cap by their current earnings.
What is ASHOKA's PE Ratio?
PE Ratio8.2x
Earnings₹9.53b
Market Cap₹81.41b

Price to Earnings Ratio vs Peers

How does ASHOKA's PE Ratio compare to its peers?

The above table shows the PE ratio for ASHOKA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.8x
POWERMECH Power Mech Projects
29.6x36.9%₹81.0b
WELENT Welspun Enterprises
22.8x13.4%₹78.6b
HGINFRA H.G. Infra Engineering
17.8x12.4%₹93.4b
532811 Ahluwalia Contracts (India)
20.8x11.6%₹69.8b
ASHOKA Ashoka Buildcon
8.2x-31.9%₹81.4b

Price-To-Earnings vs Peers: ASHOKA is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (22.8x).

Price to Earnings Ratio vs Industry

How does ASHOKA's PE Ratio compare vs other companies in the IN Construction Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GMRP&UI GMR Power And Urban Infra
4.2x-25.3%US$852.88m
533152 MBL Infrastructures
2.9xn/aUS$81.28m
CCCL Consolidated Construction Consortium
0.9xn/aUS$79.41m
ATLANTAA Atlantaa
2.4xn/aUS$50.12m
ASHOKA 8.2xIndustry Avg. 28.2xNo. of Companies25PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASHOKA is good value based on its Price-To-Earnings Ratio (8.2x) compared to the Indian Construction industry average (28.2x).

Price to Earnings Ratio vs Fair Ratio

What is ASHOKA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASHOKA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ratio12.4x

Price-To-Earnings vs Fair Ratio: ASHOKA is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ASHOKA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹279.99
₹262.50
-6.2%
13.7%₹311.00₹210.00n/a8
Dec ’25₹249.47
₹262.50
+5.2%
13.7%₹311.00₹210.00n/a8
Nov ’25₹245.58
₹247.50
+0.8%
11.4%₹283.00₹211.00n/a8
Oct ’25₹236.74
₹247.50
+4.5%
11.4%₹283.00₹211.00n/a8
Sep ’25₹233.50
₹247.50
+6.0%
11.4%₹283.00₹211.00n/a8
Aug ’25₹253.70
₹214.25
-15.5%
12.0%₹257.00₹161.00n/a8
Jul ’25₹227.87
₹206.56
-9.4%
15.8%₹257.00₹145.00n/a9
Jun ’25₹183.35
₹203.88
+11.2%
16.7%₹257.00₹145.00n/a8
May ’25₹174.80
₹200.88
+14.9%
15.1%₹257.00₹145.00n/a8
Apr ’25₹160.05
₹200.50
+25.3%
14.7%₹254.00₹145.00n/a8
Mar ’25₹186.85
₹200.50
+7.3%
14.7%₹254.00₹145.00n/a8
Feb ’25₹179.25
₹176.00
-1.8%
15.1%₹208.00₹138.00n/a7
Jan ’25₹136.90
₹166.00
+21.3%
10.3%₹191.00₹138.00n/a7
Dec ’24₹137.90
₹166.00
+20.4%
10.3%₹191.00₹138.00₹249.477
Nov ’24₹127.60
₹128.57
+0.8%
25.7%₹189.00₹93.00₹245.587
Oct ’24₹122.35
₹118.71
-3.0%
18.6%₹155.00₹93.00₹236.747
Sep ’24₹102.25
₹118.71
+16.1%
18.6%₹155.00₹93.00₹233.507
Aug ’24₹98.75
₹117.33
+18.8%
19.5%₹155.00₹90.00₹253.709
Jul ’24₹79.85
₹112.63
+41.0%
17.5%₹146.00₹90.00₹227.878
Jun ’24₹78.15
₹114.56
+46.6%
16.9%₹146.00₹90.00₹183.359
May ’24₹87.85
₹120.43
+37.1%
13.6%₹141.00₹95.00₹174.807
Apr ’24₹74.00
₹120.43
+62.7%
13.6%₹141.00₹95.00₹160.057
Mar ’24₹74.50
₹113.30
+52.1%
16.6%₹141.00₹80.00₹186.8510
Feb ’24₹78.75
₹112.50
+42.9%
19.7%₹147.00₹80.00₹179.2510
Jan ’24₹89.65
₹116.45
+29.9%
21.1%₹156.00₹80.00₹136.9011
Dec ’23₹81.15
₹114.91
+41.6%
22.1%₹156.00₹80.00₹137.9011

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 12:01
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ashoka Buildcon Limited is covered by 24 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAnand Rathi Shares and Stock Brokers Limited
Shailesh KananiAngel Broking Private Limited
null nullAntique Stockbroking Ltd.